The group’s 2018 annual report released on Friday showed that the group’s chief executive Ian Kirk is set to take home R31m for the year - made up of R9.1m in guaranteed package, R11m in bonuses and R10.9m in long-term incentives. Kirk earned a total remuneration of R22.6m for the year ended December 2017.
In the period under review Kirk led Sanlam to its biggest acquisition to date when it concluded the acquisition of the 53percent it did not already own in Saham for R13billion.
The deal was Africa’s second-largest in financial services, behind Absa’s R18.3bn purchase of Barclays Plc’s African operations in June 2013.
Sanlam’s financial director Heinie Werth will take home R16.1m in total remuneration - down from the R20m he earned in the 2017 financial year.